BOJ Damps Rate Hikes

Yen Weakens Against Dollar as BOJ Meeting Damps Rate Hike Expectations

The yen weakened against the dollar after a summary of opinions from the Bank of Japan (BOJ) meeting, which disappointed investors who saw signs of a potential rate hike. The Japanese currency dropped as much as 0.5% to 158.21 against thedollar and was the worst performer among its Group-of-10 peers.